Rental Details
Address:
62xx Larchwood Ave

Philadelphia, PA 19143, PA
  • Bedrooms: 3.0
  • Bathrooms: 1.0
  • Price: $69,900.00
  • Deposit: $0000
  • Lease: 0000
  • Pets: Yes
  • Occupied: no
  • Occupied By: Un-Occupied
Contact Information
  • Name: Lyle Sells
  • Phone: 610-202-6856
  • Email: lylesell@gmail.com

Listing Type: For Wholesale

Property Description:

Hot West Phila Flip Opportunity 62xx Larchwood Ave Philadelphia PA 19143 3 Beds / 1 Bath 1,112 Sq.Ft RM1 Low End Repair $50,000 High End Repair $78,000 Estimated ARV $190,000 Price $69,900 Takes IT!!! Last block before the park, great views and a great area. Would make a good flip or rental. Figure a full rehab, drive by and make an offer. Access is limited, for another week. If you're an aggressive, sight unseen cash buyer, make an offer now before it becomes available to the masses. Comps 6248 Walton Ave Sold $194,000 283 S Cobbs Creek Pkwy Sold $199,000 6232 Spruce Pending $190,000 Flip Breakdown After Repaired Retail Price $190,000 - Acquisition Cost Sale Price + Closing Fees (5.5%): $72,500 -Construction Cost Repair Costs (Retail Grade $70/SF):$78,000 - Disposition Cost Realtor+Transfer(7.2% of ARV):$13,680 Rental Breakdown: Total Acquisition Cost: (Sale Price + Closing (5.5%)): $72,500 Repair Costs (Rental Grade $45/SF) = $50,040 Total Acquisition and Repair: $117,500 Yearly Rental Income @ $1500/mo: $18,000 Yearly Expenses (taxes, ins, 15% repair/maint/vac) : $4098 Net Operating Income: $13,902 "Cap-Rate" (NOI/Total Acquisition): 11.3%